Latest News

844 articles online

All Access to Cash AI Apps ATMs Bank Branch Cards Cash Centre Cash in Circulation Cash Management Cash Usage CBDC Central Banks CIT Coins Commercial Banks Country Profile COVID Crime Cryptocurrency Data Analytics Digital CN Digital Payments Editorial Events Free Future of Cash News Payments POS Resilience Retail Stablecoins Staff Papers Studies, Reports Surveys Sustainability

Filtered by CBDC — 145 articles

John Winchcombe

21 June 2021

7 min read

SNB Favours a Token-Based CBDC Design

The Swiss National Bank (SNB) issued its working paper 3/2021 ‘How to issue a central bank digital currency’. Written by David Chaum, Christian Grothoff and Thomas Moser, the paper presents the SNB’s thinking about a token-based retail CBDC, a rather different approach from most other central banks.

CBDC Country Profile

John Winchcombe

21 June 2021

5 min read

Round-Up of CBDC News

Central banks making statements about investigating or working on Central Bank Digital Currencies (CBDCs) this month include Bank Indonesia, the Bank of Korea (pilot June 2021-January 2022), Bank of Mauritius, the South Africa Reserve Bank (retail CBDC), and the Bank of Thailand.

CBDC

John Winchcombe

21 June 2021

3 min read

BoE and the BIS Launch the London Innovation Hub

On 11 June the Bank for International Settlements (BIS) opened its latest Innovation Hub Centre in London following on from hubs in Hong Kong, Singapore and Switzerland that have already been established. Canada, Frankfurt and Paris, Stockholm, supported by all of the Scandinavian central banks, and New York are planned to open in due course.

Cards CBDC Central Banks

John Winchcombe

18 May 2021

2 min read

CBDC Conference Update

The Central Bank Digital Currency (CBDC) conference has now moved wholly online on 4-6 October 2021. Registration is now open.

CBDC Events

John Winchcombe

18 May 2021

4 min read

The Challenge of Achieving CBDC Objectives

Finextra has published an article highlighting different visions for Central Bank Digital Currencies (CBDCs). Jon Cunliffe, Deputy Governor at the Bank of England, made a speech that said it was ‘probable’ that the ‘state will need to issue, public money’.

CBDC

John Winchcombe

18 May 2021

5 min read

Latest Work on CBDCs

Central banks making statements about investigating or working on Central Bank Digital Currencies (CBDCs) this month include Brazil, Georgia, Japan, Kazakhstan, Norway, Pakistan and Russia.

CBDC

John Winchcombe

27 April 2021

5 min read

Central Bank Digital Currency Round-Up

Augustin Carstens, General Manager at the Bank for International Settlements (BIS), made a speech at the end of March considering progress with CBDCs. He explained how the simpler payment process with CBDCs reduced risks, costs and time while addressing the weaknesses of today’s payment system - high credit card and cross border payment fees, a lack of universal access to digital payment tools and weak governance frameworks on big tech and other providers’ use of transaction data.

CBDC

John Winchcombe

27 April 2021

6 min read

Riksbank Reports on E-krona Pilot Phase 1

With Sweden’s decline in cash usage, Sveriges Riksbank is less involved in the payment system and is, therefore, less able to meet the requirement placed on it to promote a safe and efficient payment system. As a result, the Riksbank is conducting a pilot project to create a token-based Central Bank Digital Currency (CBDC) known as the e-krona.

CBDC Country Profile Free Free

John Winchcombe

27 April 2021

2 min read

UK CBDC Taskforce Established

The Bank of England and the UK’s Treasury have created a taskforce to coordinate the exploration of a potential UK Central Bank Digital Currency (CBDC). The announcement was at pains to explain that this was not intended to replace cash and bank deposits and that the UK has not made the decision whether or not to introduce a CBDC.

CBDC Country Profile

John Winchcombe

11 April 2021

5 min read

New CBDC Project Announcements

The number of central banks announcing work on Central Bank Digital Currencies (CBDCs) continues to rise. This month there have been reports about CBDC activity by the central banks of the ECCB, Jamaica, Korea and Russia.

CBDC

John Winchcombe

11 April 2021

2 min read

CBDC Conference 2021

With the Eastern Caribbean Central Bank announcing the world’s first CBDC based on blockchain technology, the CBDC activity level around the world continues to grow.

CBDC Events

John Winchcombe

5 March 2021

5 min read

New Initiative to Ensure Universal Access to Payments

Payments in their many guises are essential to the way we all live our lives, to buy bread and milk, to heat or homes and to do many other things. Around the world the majority of people take payments for granted and are able to choose the payment option that suits their needs for the particular transaction. However, many people don’t have this choice and have to rely on a single payment method, and this is very often cash.

CBDC Digital Payments Future of Cash

John Winchcombe

5 March 2021

4 min read

‘Ready, Steady, Go’? Results of the 3rd BIS Survey on CBDC

The Bank of International Settlements (BIS) received 65 responses to its latest Central Bank Digital Currency (CBDC) survey of which 21 were from Advanced Economies (AE) and 44 from Emerging Market/Developing Economies (EMDE). The results are published in BIS Papers 114, authored by Codruta Boar and Andreas Wehrli.

CBDC Surveys

John Winchcombe

5 March 2021

3 min read

CBDC Risks Becoming a Gigantic Flop

If Central Bank Digital Currencies (CBDCs) do not solve a real problem, then they will fail. In a recent paper by Peter Bofinger and Thomas Haas, Professor for Monetary Policy and International Economics and Research Associate and Chair for Monetary Policy and International Economics respectively at the University of Wurzbürg, they throw doubt on whether central banks have found a compelling need for CBDCs.

CBDC Digital CN

John Winchcombe

5 March 2021

1 min read

CBDC Conference Speakers and Plans in Place

The CBDC Conference, 3-5 October 2021, will go ahead in Frankfurt, although the organiser is remaining flexible to put it online if need be. Registration comes with a ‘COVID-19 guarantee’ so that people can be confident about committing to the event.

CBDC Events

John Winchcombe

5 March 2021

2 min read

CBDC Security and Convenience: a Major Challenge

Digital currency covers more than Central Bank Digital Currencies (CBDCs), it extends to all the digital solutions from Bitcoin to Diem. Digital currencies store balances in anonymous electronic addresses.

CBDC Staff Papers

John Winchcombe

5 March 2021

3 min read

Legal Status Needed for CBDCs

Central Bank Digital Currencies (CBDCs) are much talked about. The IMF has published a detailed paper – ‘Legal Aspects of Central Bank Digital Currency: Central Bank and Monetary Law Considerations’ – which explains the legal position of CBDCs and has investigated the position of 171 IMF members to see which are currently able to issue a CBDC. The paper will help central banks think through this element of their CBDC preparations.

CBDC

John Winchcombe

5 March 2021

5 min read

News in Brief

On 26 January the European Court of Justice (ECJ) gave its judgement on the Hessischer Rundfunk case.

ATMs Bank Branch CBDC

John Winchcombe

2 Feb. 2021

2 min read

‘A Digital Euro is Due, if not Overdue’

Thus said Ralph Wintergerst, CEO of Giesecke + Devrient (G+D), to the Frankfurter Allgemeine newspaper before Christmas. G+D has invested significantly in this area to position itself for the future and to support its worldwide relationships with central banks. It is confident that cash will remain a core payment instrument but sees a future shift to Central Bank Digital Currency (CBDC).

CBDC

John Winchcombe

2 Feb. 2021

2 min read

Without Cash, Can There be Safe Payments?

A recent Bank of Canada Staff Working Paper on ‘Safe Payments’ (2020-53) posed the question whether private payment systems based on bank deposits provide the optimal level of safety?

CBDC Future of Cash

Latest News

SNB Favours a Token-Based CBDC Design

Round-Up of CBDC News

BoE and the BIS Launch the London Innovation Hub

CBDC Conference Update

The Challenge of Achieving CBDC Objectives

Latest Work on CBDCs

Central Bank Digital Currency Round-Up

Riksbank Reports on E-krona Pilot Phase 1

UK CBDC Taskforce Established

New CBDC Project Announcements

CBDC Conference 2021

New Initiative to Ensure Universal Access to Payments

‘Ready, Steady, Go’? Results of the 3rd BIS Survey on CBDC

CBDC Risks Becoming a Gigantic Flop

CBDC Conference Speakers and Plans in Place

CBDC Security and Convenience: a Major Challenge

Legal Status Needed for CBDCs

News in Brief

‘A Digital Euro is Due, if not Overdue’

Without Cash, Can There be Safe Payments?

Sign Up to Cash & Payment News Weekly

You're signed up!